Sumit Rai

Sumit Rai Email and Phone Number

Senior Manager @ Cognizant | CSPO | SAFe POPM 6.0 | Product Management and Product Strategy | Payments | Treasury Management | Recon. | Custodial Services | Hedge Funds | AML and Sanctions | MSDS UT Austin @ Cognizant
Sumit Rai's Location
Bridgeville, Pennsylvania, United States, United States
Sumit Rai's Contact Details

Sumit Rai work email

Sumit Rai personal email

About Sumit Rai

A seasoned product management professional in Banking Technologies with hands-on working experience in Digital Identity, Digital Transformation, Digital Payments platforms, Treasury management, Middle Office Outsourcing in Trade and settlement, Reconciliation for Equity, and Fixed and derivative products. Collateral Management and Hedge Funds Investment Strategies with top 5 leading Banks in US.I helped one of the top US retail banks in digital transformation to a Digital Identity platform and enablement of Enterprise fraud and detection ability to offer better security to end customers.In the past, I helped Banks to scale and transform their payment platforms to newer digital platforms with the ability to process cross-border payments and bring more transparency to end customers on payment processing, enhancing their treasury management Vendor payments solutions to have better control and mitigating payment risks. I helped the merger of two Banks and was involved in the consolidation of products and services. I also helped banks onboard new high-net-worth client institutions by identifying gaps in existing products and services and building a solution around that with technology teams.I also helped banks to provide custom reporting to their customers on the Balance sheet, P&L, and Customs General Ledge reports. I also worked with one of the hedge funds to do asset allocation to get Strategic allocation and tactical allocation Weights for aligning hedge fund products specific to a risk return category using analytical models.I also managed various teams and mentored people to skill up and take more responsibilities.

Sumit Rai's Current Company Details
Cognizant

Cognizant

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Senior Manager @ Cognizant | CSPO | SAFe POPM 6.0 | Product Management and Product Strategy | Payments | Treasury Management | Recon. | Custodial Services | Hedge Funds | AML and Sanctions | MSDS UT Austin
Website:
ctscorp.com
Sumit Rai Work Experience Details
  • Cognizant
    Senior Manager - Product Owner
    Cognizant Jan 2019 - Present
    Teaneck, New Jersey, Us
    Working as a Product Owner with one of the leading US retail banks' agile crew to modernize the security platform to a new Digital identity platform with enhanced security risk mitigation and quick reporting to enterprise fraud and detection. Working with cross-platform teams to drive requirements and other security groups and vendor products.
  • Cognizant
    Product Management Consultant
    Cognizant Apr 2016 - Dec 2019
    Teaneck, New Jersey, Us
    Worked as a Product Management Consultant for Payment solutions for one of the leading US bank and analyst for other non-core customer-facing solutions revolving around payment system which include Batchwire payment files processing and customer approval work flow, vendor payment solutions with different payment channels like ACH, Wire. Card and check. Helped in the merger and acquisition process by combining products and services. Worked with the Product management team and US team to design Wireframes and application process flow and participating in user sessions.
  • Cognizant
    Product Manager
    Cognizant Jan 2015 - Mar 2016
    Teaneck, New Jersey, Us
    Worked as a Product Manager for one of the leading banks on the Middle office Outsourcing Products like Trade and settlement, reconciliation services, and collateral management mark to market and calls reporting. Played an instrumental role in onboarding a high-profile customer on Middle office Outsourcing products by identifying gaps and solutions with the MIS team. I was primarily responsible for the Ideation of new products, working with the UX design team on wireframes, Training Middle office operations, and Customer support teams on Products and features to support end customers, Customer communication, working user session on Product feedback and understanding pain point and working with the legal and marketing teams to vet new customer-facing products.
  • Cognizant
    Lead Business Analyst
    Cognizant Jan 2012 - Dec 2014
    Teaneck, New Jersey, Us
    As a Lead Business Analyst with one of the leading US bank, I was responsible for writing user stories in JIRA and creating business flows for middle office outsourcing solutions in the area of Trade/Settlement, Reconciliation and Collateral management and working with Product management team on defining backlog and future roadmap for the product.
  • Cognizant
    Senior Business Consultant
    Cognizant Aug 2010 - Jan 2012
    Teaneck, New Jersey, Us
    Worked as a Business SME Consultant to one of the leading US banks to transform their UX to new contemporary UX designs with Cognizant UX design team for multiple applications in the area of Prime Brokerage domain. Also worked with another line of business to enhance their Margin Call Reporting enhancements by writing business requirements after discussion with stakeholders.
  • Wipro Technologies
    Lead Business Analyst
    Wipro Technologies Aug 2008 - Aug 2010
    Bangalore, Karnataka, In
    Worked as Lead Business Analyst in the Custom Reporting division of a leading US Custody Bank where I managed a team of 15 Analysts and multiple custom reporting requirements for different customers of the bank. I managed the requirements of multiple projects and mentored other analysts on various business requiremements,
  • Polaris Consulting & Services Ltd
    Senior Business Analyst
    Polaris Consulting & Services Ltd Jan 2007 - Jul 2008
    Chennai, In

Sumit Rai Skills

Business Analysis Global Delivery Microsoft Sql Server Requirements Analysis Sdlc Software Project Management Agile Methodologies Solution Architecture

Sumit Rai Education Details

  • The University Of Texas At Austin
    The University Of Texas At Austin
    Data Science
  • Institute Of Productivity And Management,Lucknow
    Institute Of Productivity And Management,Lucknow
    Finance
  • University Of Allahabad
    University Of Allahabad
    Statistics

Frequently Asked Questions about Sumit Rai

What company does Sumit Rai work for?

Sumit Rai works for Cognizant

What is Sumit Rai's role at the current company?

Sumit Rai's current role is Senior Manager @ Cognizant | CSPO | SAFe POPM 6.0 | Product Management and Product Strategy | Payments | Treasury Management | Recon. | Custodial Services | Hedge Funds | AML and Sanctions | MSDS UT Austin.

What is Sumit Rai's email address?

Sumit Rai's email address is ra****@****ail.com

What schools did Sumit Rai attend?

Sumit Rai attended The University Of Texas At Austin, Institute Of Productivity And Management,lucknow, University Of Allahabad.

What skills is Sumit Rai known for?

Sumit Rai has skills like Business Analysis, Global Delivery, Microsoft Sql Server, Requirements Analysis, Sdlc, Software Project Management, Agile Methodologies, Solution Architecture.

Who are Sumit Rai's colleagues?

Sumit Rai's colleagues are Kate Massey Szymanski, Tanisha Minnifield, Vijay Anand Ramamoorthy, Sundaram Pillai, Ryan Brown, Ronald Prins, Arup Barua.

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